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María Angélica
María is 43 years old and sells secondhand clothing in her town. According to María, her business generates good income and allows her to sustain her household. She came up with this idea thanks to her sister who encouraged her. Her main customers are farm workers since María is only open on the weekends.


At the moment, she is requesting a loan to buy merchandise. This investment will allow her to improve her financial condition and increase her sales volume. In the future, Sra. María wants to have her own house so that she can guarantee that her family has a better quality of life.

View original language description ↓
María de 43 años de edad, se dedica a la venta de ropa de segunda en su municipio, actividad que según ella le deja buenas ganancias y le permite sostener su hogar. La idea surgió gracias a su hermana quien la motivó. Sus principales clientes son las personas del campo, por lo cual María solo abre los fines de semana. En la actualidad se encuentra solicitando un crédito para la compra de mercancía, ya que esta inversión le permitirá mejorar su condición económica e incrementar su volumen de ventas.
A futuro la señora María desea tener su propia vivienda para garantizarle a su familia una mejor calidad de vida.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 497
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,819.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped María Angélica to buy clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014